Do you worry about money?

A recent AARP survey showed that workers 45 to 64 are riddled with worries about money. The survey, called 'A Closer Look' was done to see how the recession has impacted the retiring baby boomers. It showed that 30% of those surveyed have stopped contributing to their 401(k) plans or IRAs. More alarming, 18% have prematurely withdrawn from their retirement savings accounts.

Among those who are working, 30% say their hours or pay has been cut. About half of older Americans (47%) say they have lost a substantial amount of their savings in the stock market. Some 49% of the baby boomers are not confident about having enough money for retirement.

What does this all mean? It means that many will need to work longer than previously thought. Working longer doesn't mean that older workers can't work at something that they enjoy. Now, more than ever before, older workers need to assess what work 'fits best' for them. Finding fulfilling work requires a careful examination of one's dreams, values, interests, strengths and drivers. A position that aligns well with you personally will be both fun and rewarding. Work becomes 'work' only when the job doesn't fit so take the time to plan for a better future!

Joan & Stephen